Exemption u/s 54
This query is : Resolved
03 October 2013
A House Property was booked by giving a token payment of Rs 100000/-to a promoter in December 2008 by provisional allotment of house property thereafter 2nd installment of Rs 1000000/-was given in December 2009 and thereafter full & final Payment of Rs 1500000/- was paid on December 2011 and registration of property done.In December 2013 the property was sold for Rs 5000000/-
My Query is Whether Gain from Property is Long Term or Short term.Indexation will be taken from which period?
My Query is Whether Gain from Property is Long Term or Short term.Indexation will be taken from which period?
03 October 2013
If possession has taken before registration and payment has been made then that date will be count otherwise registration date will be considered as a date of acquisition.
03 October 2013
dear sir please a case law on this matter for reference...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Type of Capital Gain
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
